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QuestMark Partners

North America, Maryland, United States, Baltimore

Description

QuestMark Partners is a Baltimore-based venture capital firm specializing in providing expansion-stage and growth capital to high-potential companies across the United States. Established with a clear focus on businesses that have already achieved significant revenue traction, QuestMark aims to support exceptional management teams in scaling their operations and accelerating market penetration. Their investment philosophy centers on identifying companies poised for substantial growth, offering not just capital but also strategic guidance and operational support to navigate the complexities of rapid expansion.

The firm typically deploys first checks ranging from $5 million to $25 million, targeting companies that have demonstrated product-market fit and are ready to scale. This investment range positions QuestMark as a key partner for businesses beyond the early startup phase, requiring substantial capital infusions to expand their footprint, develop new products, or enter new markets. Their portfolio spans various sectors, reflecting a broad interest in disruptive technologies and innovative business models that exhibit strong growth potential.

QuestMark Partners has a robust track record of fundraising and deployment, underscoring its consistent presence in the growth equity landscape. Their most recent fund, QuestMark Partners VIII, successfully closed in 2021 with $450 million in commitments, building upon prior successful funds like QuestMark Partners VII, which raised $350 million in 2018. This steady increase in fund size over the years highlights their growing capacity and commitment to supporting a diverse range of growth-stage companies. With over 100 investments to date, QuestMark has established itself as a significant player in the U.S. venture capital ecosystem, actively contributing to the growth of promising enterprises.

Investor Profile

QuestMark Partners has backed more than 83 startups, with 0 new investments in the last 12 months alone. The firm has led 29 rounds, about 35% of its total and boasts 38 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series C, Series E rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, Enterprise Software, Health Care.
  • Typical check size: $5M – $25M.

Stage Focus

  • Series Unknown (22%)
  • Series C (18%)
  • Series E (14%)
  • Series D (13%)
  • Series F (12%)
  • Series B (12%)
  • Series A (4%)
  • Debt Financing (2%)
  • Non Equity Assistance (1%)
  • Series G (1%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • Enterprise Software
  • Health Care
  • Information Technology
  • Saas
  • Biotechnology
  • Manufacturing
  • Medical
  • Mobile
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does QuestMark Partners frequently co-invest with?

Domain Associates
North America, California, United States, San Diego
Co-Investments: 6
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 9
August Capital
North America, California, United States, Menlo Park
Co-Investments: 7
Kaiser Permanente Ventures
North America, California, United States, Oakland
Co-Investments: 8
Cross Creek
North America, Utah, United States, Salt Lake City
Co-Investments: 9
Battery Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 5
Menlo Ventures
North America, California, United States, San Francisco
Co-Investments: 5
Morgenthaler Ventures
North America, California, United States, Menlo Park
Co-Investments: 8
Greenspring Associates
North America, Maryland, United States, Owings Mills
Co-Investments: 6
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 11

Which angels does QuestMark Partners often collaborate with?

Shared Deals: 1
RG
North America, Illinois, United States, Chicago
Shared Deals: 2
DG
North America, California, United States, Thousand Oaks
Shared Deals: 1

What are some of recent deals done by QuestMark Partners?

Paperspace

Brooklyn, New York, United States

Hello, we're Paperspace Paperspace is the cloud platform built for the future.

Artificial Intelligence (AI)Cloud ComputingSaaSSoftware
Series FSep 27, 2021
0
Venafi

Salt Lake City, Utah, United States

Cybersecurity is a machine identity management company that secures keys and certificates to deliver safe machine-to-machine communications.

Cyber SecurityEnterprise SoftwareInformation TechnologySaaSSecurity
Series GNov 29, 2018
Amount Raised: $100,000,000
Peloton

New York, New York, United States

Peloton is an interactive fitness platform reinventing fitness with live and on-demand boutique studio classes.

CyclingFitnessHealth CareWellness
Series FAug 2, 2018
Amount Raised: $550,000,000
Airship

Portland, Oregon, United States

Airship helps brands master mobile app experiences.

A/B TestingInformation TechnologyMessagingMobileMobile AppsSaaS
Series FJun 20, 2018
Amount Raised: $25,000,000
Taulia

San Francisco, California, United States

Taulia is a FinTech startup that provides working capital management and electronic invoicing services for supply chain companies.

Enterprise SoftwareFinancial ServicesFinTechHardwareSaaSSoftware
Series FSep 29, 2017
Amount Raised: $20,000,000
KeyMe

New York, New York, United States

KeyMe is a mobile app that allows users to store, share, and duplicate their physical keys based on a digital image.

Enterprise SoftwareHardwareMobile AppsRetailRobotics
Series DSep 14, 2017
Amount Raised: $25,000,000
Peloton

New York, New York, United States

Peloton is an interactive fitness platform reinventing fitness with live and on-demand boutique studio classes.

CyclingFitnessHealth CareWellness
Series EMay 24, 2017
Amount Raised: $325,000,000
InsideSales

Austin, Texas, United States

InsideSales designs and develops sales automation platforms.

AnalyticsArtificial Intelligence (AI)Big DataEnterprise SoftwareSaaSSalesSales EnablementSoftware
Series DJan 18, 2017
Amount Raised: $50,000,000
Social Tables

Washington, District of Columbia, United States

Social Tables is a web-based event planning platform for hospitality, meeting and event professionals.

Event ManagementHospitalityMeeting SoftwareSoftwareUniversities
Series BOct 4, 2016
Amount Raised: $13,000,000
KeyMe

New York, New York, United States

KeyMe is a mobile app that allows users to store, share, and duplicate their physical keys based on a digital image.

Enterprise SoftwareHardwareMobile AppsRetailRobotics
Series CSep 16, 2016
Amount Raised: $15,000,000